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Royalty burden weighs on ONGC

Posted on: May 15th 2009 in Stock News.

The stock finally ended down 2.5% at Rs 813. The counter witnessed heavy trading volumes of 1.16 million as against the two-week daily traded average of 361,623. ONGC has shed 3% on royalty payment burden the company may face for offloading stake in Rajasthan block.The stock opened at Rs…

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